What does a contracts administrator do in construction?
Simply put, Contract Administrators work as a liaison between the construction company and its stakeholders. Their work determines the accuracy, compliance and efficiency of each contract and ensures that the contract terms are adhered to.
Is a contract administrator a good job?
Overall, the most successful Contract Administrators have a strong knowledge of business financial best practices, an understanding of contract law, and possess a strong attention to detail. They must also be skilled communicators and have excellent negotiation skills.
How much does a senior contract administrator make?
Job openings for Senior Contract Administrator
|Senior Contract Administrator in Sydney NSW 85 salaries||$152,122 per year|
|Senior Contract Administrator in Melbourne VIC 38 salaries||$134,345 per year|
|Senior Contract Administrator in Brisbane QLD 12 salaries||$136,621 per year|
What is a contract administration?
Contract administration involves all activities related to the monitoring of suppliers, contractors and service providers’ performance in the fulfillment of their contractual obligations, and to ensure appropriate actions are taken to promptly remedy any deficiencies observed in contract implementation, scope or terms
How do you become a contracts administrator?
Contracts Administrator positions in the construction industry require a qualification in building and construction or engineering. The requirements for Contracts Administrators in non-construction roles are usually a business or legal background. Complete a qualification in building and construction.
Can the employer be the contract administrator?
In principle, there is nothing to stop parties agreeing that the contract administrator should be an employee of the client/ employer . In theory the employer itself could act as contract administrator but this is unusual and potentially fraught with difficulty.
What makes a good contract administrator?
To pursue a career as a contract administrator , individuals should understand the high level of accountability and responsibility that typically accompanies the role. Effective ability to negotiate and execute contracts . Proven management and leadership skills. Exceptional communication skills (oral and written)
What degree do you need to be a contract specialist?
While many employers require a bachelor’s degree in business administration or a related field, some entry-level contract specialist jobs only require a year of college business courses. Those employers may provide on-the-job training to give you the rest of the skills you need .
What makes a good contract specialist?
Ideal contract specialists should enjoy drafting and editing contracts , demonstrating excellent attention to detail abilities. In addition to being an excellent communicator, you should also possess in-depth knowledge of procurement regulations, contract agreements , and legal terminology.
What are the key elements of contract management?
The contract management process includes: Managing Service Delivery. To ensure that the products are delivered as and when they are ordered. Managing the Relationship. This is the communications between the vendor and the purchaser. Managing the Contract . Seeking Improvements. Ongoing Assessment. Managing Change.
Why is contract administration important?
Contract administrators play a critical role in the success of a project. By ensuring that the terms of the contract are fully carried out, contract administrators lower the organization’s exposure to business and legal risk and make it more likely that the organization will turn a profit as a result of the deal.
What is the difference between contract management and contract administration?
Contract administration is concerned with the state of the agreement between the two parties in the period before the contract has been finalized. Contract management is focused on the implementation of the contract after it has been finalized.